Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Quantitative methods exam questions and answers pdf

25/04/2021 Client: muhammad11 Deadline: 2 Day

Project Management Programme PMGT 6867 Quantitative Methods in Project Management Time Allowed: 2 Hours Total Marks: 60 Instructions to Candidates 1. The paper comprises of 4 question sets, each with several parts. Answer all four questions. You have to answer in separate answer script that will be provided. 2. This is closed book exam. 3. The mark to be awarded for each part is indicated. 4. Write your final answers in ink. 5. Only electronic calculators are permitted to use in this examination. Question Set: 1 (a) What are the advantages and disadvantages of Return on Investment (ROI)? (1+1=2 marks) (b) Distinguish Net Present Value (NPV) and Economic Value Add (EVA). (1 mark) (c) Cash flows of two projects (i.e., Project A and Project B) are as follows. Years 0 1 2 3 4 Project A - 11,000 5,000 1,500 4,000 1,000 Project B -12,000 6,000 5,000 3,000 2,000 Calculate the Payback Period for these two projects. (2 marks) (d) Sydney Builder (a construction company) is considering building either a one-storey (Project A) or five-storey (Project B) block of offices on a prime site. Both projects have oneyear duration. The following information is available: Initial Investment Outlay Net Inflow at the Year End Project A -9,500 11,500 Project B -15,000 18,000 In terms of Net Present Value (NPV), which project is better or more acceptable? (Assume that discount rate is 10%). (2 marks) In terms of Internal Rate of Return (IRR), which project should Sydney Builder undertake? (2 marks) (e) A company is planning to produce 1,000 bicycles in next 2 years (each year 500). The fixed cost is $100,000. The variable cost for each bicycle is $100 and $120 for the first and the second year respectively. The unit selling price is $200 (same for the first and the second year). (i) Does the company make a profit or loss? (2 marks) (ii) What should be break-even selling price for each bicycle if the company produces 500 bicycles in 1st year and 500 in the second year? (2 marks) (iii) How many bicycles that company needs to sell at break-even point if the selling price is $200 per bicycle? (2 marks) Question Set: 2 (a) What is PERT and CPM? In a project, for a task (say updating a computer software to comply with the new system), the following information is given: Optimistic (time) = 3 days, Pessimistic (time) = 6 days, and Most likely (time) = 4 days). Find out PERT for this task. (2+1=3 marks) (b) Illustrate the difference between Lead Time and Lag Time with example. (2 marks) (c) The table below describes activities needed for a given project. # Description Duration(Hours) Predecessors A Design Search form 1 - B Learn some PHP 2 - C Draft PHP 1 B D Alpha test 1 A,C E Improve form 4 D F Improve PHP 2 D G Beta test 1 E,F H Release 1.0 1 G I Learn PHP RegExs 2 B J Update PHP 2 H,I K Update form & test 1 J - Release 2.0 (Finish) - K Find out the Critical Path for this project. Also find out potential Near Critical Path. (3 + 1 = 4 marks) (d) You have 20 marbles: 4 red and 16 blue. You take one of them randomly and do not put it back. Then you take a second marble randomly. Two events are defined as follows: A {the 1st marble is red} and B {the 2nd marble is blue}. What is the probability that first marble is red and the second marble is blue, i.e., P (A ∩ B)? (2 marks) (e) Draw a probability tree for a coin which has been flipped three times. (1 mark) Also, find out the probability of the following outcomes from this probability tree: (i) P(exactly two tails) (1 mark) (ii) P(exactly one head and more than one tail) (1 mark) (iii)P(more than or equal to one head) (1 mark) Question Set: 3 (a) What is Slack Time? What are the basic differences between Regression and Correlation? (0.5+1 = 1.5 mark) (b) What is Histogram? Draw a Histogram for these numbers: 2, 3, 5, 2, 1, 1, 8, 9, 3, 6, 8, 7, 4, 3, 9, 4, and 7. (0.5+1 = 1.5 marks) (c) By following all the steps for creating Decision Table, draw and normalise the Decision Table for the following scenario“Agora Supermarket has a policy for cashing customer’s cheque. If the cheque is a Personal cheque for $75.00 or less the cheque can be cashed. If the cheque is a Pay cheque, it can be cashed for over $75.00 provided that the financial organisation, that issues the check, is an organisation Accredited by the Agora Supermarket.” (3+2 = 5 marks) (d) The control chart shown below was produced by a manufacturing production line. The probability distribution shown on the left of the chart is the distribution that the process follows when it is showing Common Cause Variation (an enlarged plot of the distribution is shown below for clarity). The y-axis measures the standard deviations of the process. Answer the following questions based on this chart. 1. What does Common Cause Variation mean? (1 mark) 2. What is the name of the distribution shown in the plot? (0.5 marks) 3. If the y-axis of the plot shows the standard deviations of the process, where would the UCL (upper control limit) and LCL (lower control limit) usually be set? (0.5 marks) (e) The control chart shown below is the same as the previous chart but now it is not in statistical control, it is showing Special Cause Variation. The UCL and LCL are the same as the answer to the previous question. Answer the following questions based on this chart 1. There are three different types of Special Cause Variation shown in the plot, each is circled and labelled i, ii and iii. Name these three types of Special Cause Variation. (1 mark) 2. If the process were in statistical control, what percentage of all data points should fall within ±1 standard deviation of the centre line? (0.5 marks) 3. If the UCL and LCL are set at ±3 standard deviations, how many false alarms per thousand data points should be expected? (0.5 marks) (f) A client comes to you and specifies that they would like you to produce bolts with a target diameter of 2cm and an Upper Specification Limit (USL) of 2.05cm and a Lower Specification Limit (LSL) of 1.95cm.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Solutions Store
Accounting & Finance Mentor
Homework Master
Top Rated Expert
Top Quality Assignments
Custom Coursework Service
Writer Writer Name Offer Chat
Solutions Store

ONLINE

Solutions Store

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$28 Chat With Writer
Accounting & Finance Mentor

ONLINE

Accounting & Finance Mentor

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$29 Chat With Writer
Homework Master

ONLINE

Homework Master

I have read and understood all your initial requirements, and I am very professional in this task.

$43 Chat With Writer
Top Rated Expert

ONLINE

Top Rated Expert

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$25 Chat With Writer
Top Quality Assignments

ONLINE

Top Quality Assignments

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$29 Chat With Writer
Custom Coursework Service

ONLINE

Custom Coursework Service

I will cover all the points which you have mentioned in your project details.

$48 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Cons for kneeling during the national anthem - 1998 french film about post impressionist painter - Finnegans wake english translation - Current Event - Community Policing and Crime Reduction - Eight steps to sound ethical decision making - Wk 5 - Practice: Potential Risk Factors - Comptia security+ guide to network security fundamentals 6th - Liquidity preference theory upward sloping yield curve - Learning styles and behavior change - 39a north esplanade glenelg north - Accumulated depreciation and depreciation expense are classified respectively as - Cognitive psychology attention quiz - Toms shoes business case study - Workbook to accompany anatomy and physiology revealed 3.0 answer key - Paper and Powerpoint presentation - Bus olney to milton keynes - Assets are usually reported at their - Morrisons swan valley northampton phone number - Romeo and juliet storyboard act 3 - How many vertices in a cube - Most significant change questions - Project scope management definition pmbok - Does apple have a sustainable competitive advantage - Analyze and conclude answers - Ip wccp 61 redirect in - Single source analysis essay example - Chapter 11 marketing building profitable customer connections - Organic Chemistry - Application specific integrated circuit - Domino's pizza in japan case study - Matrix of knowledge - Accounting exam - Fulmer spices an overall assessment tool for older adults - Write a research paper about the Stratosphere layer on 6 pages with double space. - How to type spanish letters in word - Iiroc social media guidelines - Marketing plan - Tholos art history definition - Circular flow of income 5 sector model - Excerpt from food how altered essay - Arrange the following compounds in order of decreasing acidity - 3 day push pull legs workout routine pdf - Industrial revolution and romanticism - Bank accepted bill rate - Target marketers who are combiners - Week 3 Discussion - Babylon revisited f scott fitzgerald pdf - Pbv trunnion ball valves - Nrs 490 individual success plan example - BUSN603 - Discussion; Systems Safety - Toll priority alice springs - Access 2016 capstone project ac 2 - Short Paper on the relationship between hashes, asymmetrical cryptography and digital signatures - Foul smelling urine icd 10 - Business profile for personal trainer inc - G101 multi purpose non caustic cleaner - Answer to Peer, 2 references APA, less 5 % similarities - A cement manufacturer has supplied the following data: - Was julius caesar a good leader - Belajar photoshop cs3 pdf - Presenting problem case study example - In the case of the pizzerias the market equilibrium price - Elk grove unified school district v newdow case - Juggalo world of warcraft player threatens haters - 2-3 page Journal - Fin 571 week 5 assignment - Sharp calculator el 531xg - Pestel analysis of papa johns - Research for a Discussion Post - An Essay for my Africana Studies course - Pcc event management - Distillation column control scheme - Wireless communication - Sampling 4 pieces of precision cut wire - Hp ilo management engine - Bmj case reports author guidelines - Organizational behavior schermerhorn 13th edition - Engineering statics formula sheet - Barbie doll poem theme - Ethical hacking vs penetration testing - Crocs vertical integration - Unit 6 Assignment PIW - 10 29 police code - Snhu it 210 milestone 2 - Bigger than a0 size - Ol 342 milestone one - International HR - Journalism - Andalusian city crossword clue dan word - Integers greater than less than - Office of surveyor general victoria - HOMEWORK - Mathswatch clip 94 answers - Ionic and covalent bonds khan academy - Journal Article Analysis on Negotiation - Perception checking scenarios - Dell corporate culture case study - Matlab fourier series coefficients